Common use of Certain Ownership Interests Clause in Contracts

Certain Ownership Interests. It shall not be deemed to be a violation of Section 8.1 for Employee to: (i) own, directly or indirectly, five percent (5%) or less of a publicly-traded entity; or (ii) own, directly or indirectly, less than five percent (5%) of a privately-held business or company, if Employee is at all times a passive investor with no board representation, management authority or other special rights to control operations of such business. EXHIBIT B

Appears in 5 contracts

Samples: Employment Agreement (Mednax, Inc.), Employment Agreement (Pediatrix Medical Group Inc), Employment Agreement (Pediatrix Medical Group Inc)

AutoNDA by SimpleDocs

Certain Ownership Interests. It shall not be deemed to be a violation of Section 8.1 for Employee to: (i) own, directly or indirectly, five one percent (51%) or less of a publicly-traded entity; or (ii) own, directly or indirectly, less than five percent (5%) of a privately-held business or company, if Employee is at all times a passive investor with no board representation, management authority or other special rights to control operations of such business. EXHIBIT B.

Appears in 4 contracts

Samples: Employment Agreement (Pediatrix Medical Group Inc), Employment Agreement (Pediatrix Medical Group Inc), Employment Agreement (Pediatrix Medical Group Inc)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.